Ghana Expects 2024/25 Cocoa Production Resurgence

Ghana’s cocoa production is expected to rebound in the 2024/25 crop season, buoyed by favourable weather conditions, according to local farmers, officials from regulatory body Cocobod, and buyers.
However, challenges such as illegal gold mining, smuggling, and disease continue to pose risks.

In June, the world’s second-largest cocoa producer saw its output fall below 55% of its average seasonal output, marking a more than two-decade low.

Similar problems in neighbouring Ivory Coast, the world’s leading cocoa producer, have resulted in a four-year global cocoa market supply deficit, pushing the prices of chocolate’s key ingredient to record highs.
Ghana now expects output to recover to 650,000 tons in the 2024/25 season, though an official of the International Cocoa Organization said they see it around 500,000 tons.

Over 20 cocoa farmers, Cocobod officials, and local buyers told Reuters that farms are showing healthier pods than the previous season due to improved rainfall and sunshine, as well as the timely use of fertilizers and pesticides.

Abdul-Majid Mumuni, head of Cocobod’s cocoa health and extension division in Ghana’s southeastern region, said, “The crop is amazing; the trees are productive and you can count not less than 50 pods per tree.”

A secretary of a farmers group in Ghana’s southeastern Asamankese district, Ocran Christopher, said they’ve harvested 500 bags since this season opened in Sept. from their over 72-hecatare farm compared with about 820 bags in the entire 2023/24 season.

Source; Reuters